News / Middle East
Barwa Real Estate Signs QR 310M Financing Agreement
Barwa Real Estate, a Qatar-based real estate company, signed financing agreeements worth QR 310 million ($1.13 billion) with a local bank, of which it has not shared its name.
Jeddah Tower Construction Delayed Due to Contractor Problems
Jeddah Economic Company, a real estate developers, attributed construction delays for the 1Km-high Jeddah Tower to funding issues with the contractor Saudi Binladin Group.
Emaar Acquires Stake in Leaders Fort Contracting
Emaar Industries & Investments (EII), a member of Emaar Properties, acquired a substantial stake in Leaders Fort Contracting (LFC), a UAE-based construction company.
Qabdah to Construct Sharjah’s Al Narjis Neighborhood
Sharjah Holding, a UAE real estate developer, awarded Al Qabdah Building Contracting the construction of the first phase of Al Narjis neighborhood, part of the Al Zahia residential project.
Palm Hills Plans to Establish a Base in Dubai
Palm Hills Development (PHD), an Egyptian real estate developer, is planning to open a company in Dubai, reported The National.
Kuwait’s Global Buys GBP 200M UK Real Estate
Kuwait’s Global Investment House successfully acquired the headquarters of the National Health Services (NHS) of Scotland in Edinburgh, as well as the European Headquarters of 3M in Bracknell.
Saudi’s Sidra Capital Buys $93M in US Real Estate
Saudi-Based Sidra Capital announced its acquisition of an office building in Fort Mill, South Carolina an investment worth SR 350 million ($93.3 million).
